Talk About: -Cleisthenes

question 22

Essay

Talk about:
-Cleisthenes

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Definitions:

Importers And Exporters

Entities engaged in the business of buying goods from foreign countries for local resale (importers) and selling domestic goods to foreign countries (exporters).

Absolute Advantage

a condition in which a country, individual, or firm can produce more of a good or service with the same amount of resources than others can.

Resources

Inputs used in the production of goods and services, including labor, capital, and natural resources.

Exchange Rate

How much one currency is worth in terms of another during exchange.